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Sharetec System announced the milestone anniversaries of three of its key clients. The 15-year relationships that Sharetec has built include: Auburn Community FCU, Canals & Trails CU and Philadelphia Letter Carriers FCU.
Veridian CU ($5.5B in assets and more than 260,000 members) has selected Alacriti, a provider of cloud-based payments and money movement services, as the platform provider that Veridian will use to enable real-time payments over The Clearing House’s (TCH) RTP network and to accelerate their Fedwire modernization.
Windows 10 admins haven't been able to selectively block USB devices in the past, but now they can thanks to Microsoft's new layered Group Policy feature. For Windows 10 and the forthcoming Windows 11, Microsoft has enabled the ability to apply these device controls, which lets admins pick which devices can be installed across an organization and which devices are banned.
Arcserve announced Arcserve N Series appliances, which deliver integrated hyperscale backup, recovery, and ransomware protection. The appliances are powered by Nutanix, a leader in private, hybrid, and multi-cloud computing, and secured by Sophos. They provide a unified management console to manage and provision all backup and disaster recovery services, including physical, virtual, and cloud workloads.
Security for meeting software such as video conferencing has become a higher priority over the last year as organizations struggled with work-from-home and now hybrid work arrangements. The article reviews these video conferencing platforms that focus on security: Avaya; BlueJeans by Verizon; Dialpad; LogMeIn; and Webex for Defense.
A micro-ATM works in a similar fashion to a normal ATM unit. It is a card swiping machine that offers cash withdrawal facilities and can also function as a portable point-of-sale terminal. In India, they are using micro-ATMs to offer basic banking services in remote locations or rural areas of the country, almost acting as a doorstep mobile banking arrangement. The beauty of a micro-ATM is that GSM connectivity is all that is needed.
Here is a chance to learn about real life credit union success stories from various technology vendors through the words of their clients. This week's vendor is:
and their client is:
This article states that the widespread use of biometrics has the potential to dramatically reduce or even eliminate the risks of fraud and identity theft in the banking sector. Some of the latest biometric technologies are designed as multi-factor biometric devices. This means that they can capture multiple sets of scans and characteristics in a single scan. The article goes on to discuss the future of biometrics in general and for mobile banking in particular.
Cyberattacks on specific organizations are becoming rare. With the ability to automatically scan large chunks of the Internet for vulnerable computing devices, cybercriminals are not initially concerned about the organization. Cybercriminals pay little or no attention to company size and structure until access has been achieved, after which it's easy pickings to steal or freeze data and start the automated extortion process.
The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, has issued guidance that provides FIs with examples of effective authentication and access risk management principles and practices for accountholders, employees, and third parties accessing digital banking services and information systems. The new guidance replaces previous documents issued in 2005 and 2011.
Windows 11 will turn on hardware security by default but only on new PCs or if you re-image from scratch. But there is a workaround. This article discusses this issue and it is quite important since the hardware security features in the CPUs that Windows 11 will run on reduce malware and ransomware attacks significantly.
Technology and Marketing
By some accounts, businesses spend about 15-25% of their advertising budget on just social media. But organic social media marketing is just as important as paid efforts. The author goes on to define social media optimization and provide tips, checklists, and tools to optimize your marketing efforts on the following platforms: Facebook; YouTube; Instagram; LinkedIn; Twitter; TikTok; Snapchat; and Pinterest.
Tim Chen, CEO and founder of the personal finance company NerdWallet, has moved $2 million of hsi company's funds to credit unions. Chen hopes to inspire as many corporations as possible to follow suit. “The top 15 S&P 500 companies have a trillion dollars in cash,” he says.
Open banking is a reality in the United Kingdom, and coming soon to American shores in its digital-first dazzle, in no small part built on foundational work done in markets like the U.K., according to this article. Counting “more than 14,000 financial institutions and an ever-growing roster of FinTech startups,” the March 2021 Open Banking Report notes that the U.S. is “likely to become the next frontier of open banking evolution, as its consumers have a growing interest in accessing innovative payment experiences while still retaining control over their data.”
Datadog announced the launch of the Datadog Cloud Security Platform, adding full-stack security context to Datadog's deep observability capabilities. This new offering enables organizations to use a single platform to correlate security insights with monitoring data across infrastructure, network and application tiers. Datadog's platform approach helps ensure that this data is automatically correlated and presented in context, without requiring manual analysis.
A Gartner report on the trends driving the public cloud sector predicts that the public cloud industry will grow massively over the next few years, eventually accounting for more than 45% of all enterprise IT spending by 2026. The research firm says that these are the 4 trends driving this massive growth: 1) cloud ubiquity; 2) regional cloud; 3) ecosystems; 3) sustainability; and 4) CIPS automated infrastructure.
Chatbots and call center support are table stakes when it comes to implementing artificial intelligence, according to a new report. Cognizant's Center for the Future of Work found that leaders are using the automated analysis for decision support, automated reasoning, text mining, and object and speech recognition. This article provides steps to refine your overall AI strategy.